Austrian cryptocurrency exchange Bitpanda has received approval from the United Kingdom’s Financial Conduct Authority (FCA) to operate in the country, marking a significant expansion into one of Europe’s largest financial markets. The approval enables Bitpanda to offer its crypto trading and investment services to UK retail investors, as well as collaborate with financial institutions seeking regulated digital asset solutions.
The move comes as UK regulators tighten oversight of the cryptocurrency industry, requiring firms to meet strict compliance standards. Bitpanda, which already holds multiple registrations across Europe, now joins a small group of FCA-registered crypto firms operating legally in the UK.
Bitpanda to Offer Staking, Savings Plans, and Indices
With the regulatory green light, Bitpanda will provide UK users access to more than 500 cryptocurrencies, along with staking services, automated savings plans, and crypto indices for diversified investing. The platform aims to attract retail investors by offering features designed to simplify digital asset management.
Financial institutions and fintech companies can also integrate Bitpanda’s infrastructure through Bitpanda Technology Solutions (BTS), enabling banks to offer crypto trading and custody services under a regulated framework.
Eric Demuth, Bitpanda’s co-founder and CEO, said the expansion completes the company’s European presence. “Being Europe’s leading crypto platform means being in the UK — there was no question about it. Now, our focus is clear: deliver a product that meets the needs of UK investors,” the CEO stated.
UK Expansion Signals Growth Plans
Bitpanda’s FCA approval follows rapid growth in recent years, with its user base increasing from 1 million in 2019 to 6 million by late 2024. The company plans to reopen its UK office and expand its team to develop products tailored for British investors.
The UK’s crypto regulatory landscape has become more stringent, with the FCA implementing tougher consumer protection rules. Bitpanda’s successful registration suggests it meets these requirements, positioning it as a key player in the UK’s regulated digital asset market.
As global crypto regulations evolve, Bitpanda aims to maintain compliance while expanding its services. The company’s entry into the UK signals its intent to compete in one of the world’s most closely watched financial hubs.
